Deutsche Telekom picks four private equity firms for next round of Scout bids


euro8_170sqFour private equity firms have made the shortlist of bidders for a stake in Deutsche Telekom’s Scout24 digital classifieds business.

Apax Partners, TPG Capital, Hellman & Friedman and Silver Lake Management will participate in the next round of bids for a 30 per cent interest in the company, said Bloomberg, citing people familiar with the auction.

The offers value Scout24 at €1.6bn to €2bn with final bids due by next week, said the sources.

Buyout majors KKR and EQT Partners have ended their pursuit of the company, according to the people.

The company has also drawn interest from German publishing group Axel Springer, which dropped out of the bidding process last week.

Copyright © 2013 AltAssets